Bitcoin reached a new all-time high (ATH) of $113,900, continuing its bullish run since late June when it was trading at $98,000. A substantial liquidation of Bitcoin short positions worth $50 million occurred recently, with an additional $1.5 billion expected to be liquidated at $120,000. Projections suggest an 80% chance for Bitcoin to hit $115,000 by the end of July. Currently, 99.85% of Bitcoin addresses are in profit, and El Salvador's Bitcoin reserves have exceeded $700 million with 6,233 BTC acquired since November 2022.
Bitcoin officially reached a new all-time high (ATH) of $113,900, extending its bullish run that reignited in late June, after trading around $98,000 18 days ago.
According to Polymarket, there is an 80% chance Bitcoin will hit $115,000 by the end of July, and a 44% chance of reaching $120,000.
As of today, 99.85% of all Bitcoin addresses were in profit, hitting 100% as Bitcoin surpassed $113,900, a significant milestone.
El Salvador has steadily purchased Bitcoin since November 16, 2022, amassing over 6,233 BTC in its treasury, which now has a value exceeding $700 million.
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